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SYMPHONY Share Price Target
Symphony Ltd.
Sector: Consumer Durables
Sector: Consumer Durables
SYMPHONY Share Price *
1,110 -4.75 (-0.43%)
* (quote may be delayed)
SYMPHONY Share Price Forecast - Consensus
| No. of reports in last year | 6 |
| No. of analysts | 3 |
| Average Consensus Forecast | 1502.67 |
| Consensus Potential | 25.15% |
SYMPHONY Share Price Target - Broker Reports - 2019
Axis Direct
29-Nov-19
Price @ Call: 1135.43
Target: 1488
BUY
With continuous innovation and launch of new higher margin products, higher contribution from subsidiaries, we expect the revenues to grow at ~20% CAGR between FY19-21E. However increasing competition may pose a threat to companies pricing power and existing market share, as company plans to focus on growth and profitability. We expect that extended winter may result in tepid demand in Q3 & part of Q4FY20, which will be recouped during late Q4FY20 & Q1FY21 given the volatility in temperatures and strong forthcoming summer season. Thus the company is expected to return to normal growth path. We revise our estimates upwards for FY20E/FY21E with a revised TP of Rs 1,488 (42 x FY21E EPS). Maintain a BUY rating.
Axis Direct
5-Aug-19
Price @ Call: 1230.71
Target: 1398
BUY
With continuous innovation and launch of new higher margin products, higher contribution from subsidiaries, we expect the revenues to grow at ~17% CAGR between FY19-21E. However increasing competition may pose a threat to companies pricing power and existing market share, as company plans to focus on growth and profitability. While we expect the company to maintain growth momentum, we maintain target of Rs 1,398 valuing Symphony at 42x FY21E EPS of Rs 33.2.
HDFC Securities
2-Aug-19
Price @ Call: 1254.8
Target: 1686
BUY
Symphony’s 1Q performance was a blowout, even beat our aggressive estimates. 1Q performance has proved the naysayers wrong about the relevance of air coolers (in the era of fast growing RAC) and Symphony’s market share loss. Growth visibility for FY20E is high despite slowdown in macros owing to low channel inventory and new launches. We maintain our estimates and value Symphony at 45x Jun- 21 EPS, arriving at a TP of Rs 1,686. Maintain BUY.
ICICIdirect.com
2-Aug-19
Price @ Call: 1254.8
Target: 1295
HOLD
We model revenue, earnings CAGR of 21%, 7%, respectively, in FY18-21E led by strong volume growth in the domestic business. Despite a strong recovery in Q1FY20, we believe consolidated EBITDA margins in the medium term would be under stress due to rising competition and consolidation of low margin business (consolidated EBITDA margin ~23% vs. standalone EBITDA margin of ~30%). Hence, we maintain HOLD rating on the stock with a revised target price of Rs 1295 (valuing at 38x FY21E).
Axis Direct
25-Mar-19
Price @ Call: 1317
Target: 1469
BUY
Symphony operates on asset light business model requiring low capital investments; it outsources almost all its production to nine different OEMs thus ensuring that it is not dependent on any one vendor. This asset light strategy enables the management to concentrate on design, development and innovation along with marketing the product thus generating high return on capital employed (RoCE). We have a BUY with a target of Rs. 1,469.
Axis Direct
28-Feb-19
Price @ Call: 1230
Target: 1680
BUY
SYMPHONY Share Price Target - Broker Reports - 2018
Geojit Financial Services
3-Dec-18
Price @ Call: 1010.41
Target: 1046
HOLD
Religare
19-Nov-18
Price @ Call: 997.75
Target: 1059
BUY
HDFC Securities
31-Oct-18
Price @ Call: 894.28
Target: 1682
BUY
Edelweiss
25-Jul-18
Price @ Call: 1392.45
Target: 1605
BUY
ICICIdirect.com
25-Jul-18
Price @ Call: 1181
Target: 1350
BUY
ICICIdirect.com
26-Jun-18
Price @ Call: 1471.15
Target: 1795
BUY
HDFC Securities
25-Jun-18
Price @ Call: 1474.96
Target: 2059
BUY
Edelweiss
23-May-18
Price @ Call: 1451.45
Target: 1915
BUY
ICICIdirect.com
23-May-18
Price @ Call: 1451.45
Target: 1795
BUY
HDFC Securities
23-May-18
Price @ Call: 1451.45
Target: 1983
BUY
AnandRathi
16-Apr-18
Price @ Call: 1859.39
Target: 1475
SELL
HDFC Securities
4-Apr-18
Price @ Call: 1798.25
Target: 2150
BUY
ICICIdirect.com
25-Jan-18
Price @ Call: 1894.51
Target: 2110
BUY
Edelweiss
24-Jan-18
Price @ Call: 1965.25
Target: 2100
HOLD
SYMPHONY Share Price Target - Broker Reports - 2017
Religare
24-Nov-17
Price @ Call: 1588.07
Target: 1714
BUY
ICICIdirect.com
6-Nov-17
Price @ Call: 1570.72
Target: 1650
BUY
Edelweiss
1-Nov-17
Price @ Call: 1468
Target: 1789
BUY
YES Securities
23-Oct-17
Price @ Call: 1431
Target: 1702
ACCUMULATE
Edelweiss
8-Sep-17
Price @ Call: 1310.15
Target: 1789
BUY
KRChoksey
18-Aug-17
Price @ Call: 1248
Target: 1448
BUY
Geojit Financial Services
17-Aug-17
Price @ Call: 1233.5
Target: 1418
BUY
ICICIdirect.com
11-Aug-17
Price @ Call: 1201.8
Target: 1430
BUY
ICICIdirect.com
17-May-17
Price @ Call: 1453
Target: 1623
BUY
KRChoksey
17-May-17
Price @ Call: 1419
Target: 1653
BUY
ICICIdirect.com
14-Feb-17
Price @ Call: 1293
Target: 1530
BUY
SYMPHONY Share Price Target - Broker Reports - 2016
ICICIdirect.com
26-Oct-16
Price @ Call: 1388
Target: 1530
BUY